Posted December 30, 2014 in Uncategorized
2015-IRS-Standard-Mileage-Rate The Internal Revenue Service has issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be going up from 56 cents per mile to 57.5 cents per mile for business miles driven.
The standard mileage rate for business is calculated using an annual study of the fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil.
Click the Link for IRS Mileage breakdown.